Summary
Trump wants to repeal the $52.7B CHIPS and Science Act, including $39B in subsidies and $75B in loans for U.S. semiconductor manufacturing, to reduce debt.
His administration is reviewing $33B in finalized grants, including $7.86B for Intel, $6.6B for TSMC, and $6.1B for Micron.
Critics warn this could jeopardize TSMC’s $100B U.S. expansion and Micron’s 50,000-job, $100B project in New York.
The Commerce Department has already cut one-third of its subsidy staff, signaling a policy shift that could weaken U.S. chip production and national security efforts.
MAKE IT IN THE USA.
NO NOT LIKE THAT.
This rollercoaster is shit.
What a great way to stimulate domestic production and reduce our dependence on China.
Who does this help?
Doesn’t matter, it’s something his Dem predecessor did, so it’s gotta go.
No one but that moneys not going directly to him or someone that’s going to pay him so it’s a horrible deal
